Not-Good USA economic news (no politics please...) Not-Good USA economic news (no politics please...) - Talk of The Villages Florida

Not-Good USA economic news (no politics please...)

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  #1  
Old 05-07-2021, 08:10 AM
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Default Not-Good USA economic news (no politics please...)

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The April jobs report shocks as 266,000 payroll additions badly miss the forecast of 1 million - Unemployment unexpectedly rose to 6.1%

The US labor market's recovery slowed considerably in April as continued reopening butted heads with hiring difficulties. The country's count of nonfarm payrolls grew by 266,000 last month, the Bureau of Labor Statistics announced on Friday. The median estimate from economists surveyed by Bloomberg was for a 1 million-payroll gain. The April jump marks a fourth consecutive month of payroll increases, but the smallest since September.

Businesses across the manufacturing and service sectors reported difficulties in finding workers throughout April. While experts have suggested such shortages are only temporary, the Friday report seems to support such claims.

Also, March's gain was significantly revised downward to 770,000 from 916,000, further eroding the recently bullish outlook toward the labor market's recovery.
April Jobs Report: 266,000 Payrolls Added, Unemployment Rate Rises to 6.1%.
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On a POSITIVE NOTE (IMO)>

Florida Gov. DeSantis to unemployed: Start looking for a job
Work search requirement resuming


TALLAHASSEE, Fla. – Floridians receiving unemployment benefits will soon have to provide proof that they’re looking for a job, according to statements made by Republican Gov. Ron DeSantis on Wednesday.

DeSantis lifted the requirement that people receiving benefits look for work early in the pandemic when unemployment was rising and few were hiring. But DeSantis has lifted restrictions on businesses, and the unemployment rate is below the national average.

“Normally when you're getting unemployment, the whole idea is that's temporary, and you need to be looking for work to be able to get off unemployment,” DeSantis said at a news conference. “It was a disaster, so we suspended those job search requirements. I think it's pretty clear now, we have an abundance of job openings.”
He said May will be the last month when the search for work requirement will be in place. “We absolutely can put more people to work. The demand is there. Business what to hire more people, and I think we can go in that direction very soon,” DeSantis said.

Florida Gov. DeSantis to unemployed: Start looking for a job.
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Old 05-07-2021, 08:17 AM
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Perhaps, just perhaps, the DeSantis action will 'de-incentifiy' people to sit home collecting gvt tax funds - and GET BACK TO WORK.
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Old 05-07-2021, 08:40 AM
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Paying people more to stay home can net only one result.....a shortage of people to do the work.

No special education required to calculate the impact of such programs.
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Old 05-07-2021, 09:08 AM
kkingston57 kkingston57 is offline
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Agree there is a problem with un employment compensation, but do feel that there are other issues. Seems like most of the companies that are hiring are the low paying jobs. Over past several years can not tell you how many LARGE gas stations and restaurants have opened or/are being built in this area and other areas of Florida. When restaurants closed in 2020 a lot of their employees went to work in businesses like Amazon at $15 an hour with benefits and more regular business hours and have no incentive to go back to their former job. Changing the unemployment is a good start, but businesses will need to get more creative in hiring and retaining employees.
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Old 05-07-2021, 10:35 AM
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The problem is the employees are making more money staying home....they make no bones about it.

We have heard (3rd hand) of some employees asking if they come back could they be paid in cash so they can continue collecting....I believe it!
Granted no doubt in the minority.....but an example of selfish "monsters" we have created with the pay for no work policies.
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Old 05-07-2021, 11:26 AM
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Originally Posted by kkingston57 View Post
Agree there is a problem with un employment compensation, but do feel that there are other issues. Seems like most of the companies that are hiring are the low paying jobs. Over past several years can not tell you how many LARGE gas stations and restaurants have opened or/are being built in this area and other areas of Florida. When restaurants closed in 2020 a lot of their employees went to work in businesses like Amazon at $15 an hour with benefits and more regular business hours and have no incentive to go back to their former job. Changing the unemployment is a good start, but businesses will need to get more creative in hiring and retaining employees.
If you want a low paying job, Florida is your ticket.
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Old 05-07-2021, 11:36 AM
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Perhaps, just perhaps, the DeSantis action will 'de-incentifiy' people to sit home collecting gvt tax funds - and GET BACK TO WORK.
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What would "incentivize" people to go back to work is an INCREASE in pay. And an increased Federal minimum wage used by EVERY State.
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Old 05-07-2021, 11:39 AM
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Originally Posted by kkingston57 View Post
Agree there is a problem with un employment compensation, but do feel that there are other issues. Seems like most of the companies that are hiring are the low paying jobs. Over past several years can not tell you how many LARGE gas stations and restaurants have opened or/are being built in this area and other areas of Florida. When restaurants closed in 2020 a lot of their employees went to work in businesses like Amazon at $15 an hour with benefits and more regular business hours and have no incentive to go back to their former job. Changing the unemployment is a good start, but businesses will need to get more creative in hiring and retaining employees.
Like paying them better!!!!!!!!!!!
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Old 05-07-2021, 11:49 AM
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The problem is the employees are making more money staying home....they make no bones about it.

We have heard (3rd hand) of some employees asking if they come back could they be paid in cash so they can continue collecting....I believe it!
Granted no doubt in the minority.....but an example of selfish "monsters" we have created with the pay for no work policies.
White-collar crime has always cost the country more than blue-collar crime. Bernie Madoff is an example - and 20 like him have NOT been caught. The average person MAY know a blue-collar individual that is corrupt. It is ONLY the multi-millionaires that know other multi-millionaires that are corrupt. You don't!
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Old 05-07-2021, 12:35 PM
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Why work when you can get paid more to stay home?
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Old 05-07-2021, 12:43 PM
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Everything may be political, however, politics is not everything.
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yep.

Just about ANYTHING re News or Current Events can be made "political" by many folks. Some on ToTV are experts. My Thread here was not to 'point fingers' to any Party etc. Just facts. And hopefully draw out some interesting comments. Simply hopeful that some folks, receiving all these Fed/State $$$$ find it better to actually earn a living out there - especially to our small businesses, restaurants etc. I'm not here to judge, as some are finding more $$$ in NOT working. It's now a balance, and I hope that at some time soon many will find the balance shifts to WORK.
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Old 05-07-2021, 12:45 PM
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Stopped at Bahama Breeze in Gainesville after my granddaughter's graduation. The place had many empty tables, but was told it would be an hour wait. When I spoke to the manager, he said he would get us a table, but it might take an hour to get waited on because he cannot find enough staff to work. Keep giving the money away big gov't.
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Old 05-07-2021, 01:01 PM
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You know, most hard-working people - in fact every hard-working person I know - without exception, are the exact same people who will contribute to their society on their time off, without pay. They're the ones who run the church charity groups that help feed and clothe the hungry. They're the ones doing the outreach to assist the homeless in getting jobs, homes, medical care. They're the ones who volunteer their time to take a bunch of boy/girl scouts out on trips to acquire their badges/achievement points or whatever they do. They're the ones who buy materials and knit quilts and lap blankets to bring to battered womens' shelters.

None of them have any "incentive" to do these things, other than - it's the right thing to do.

And then we have the people who refuse to help anyone, who in fact will say "I am relying on all you sheeple to vaccinate so I don't have to, and I will have herd immunity so go ahead and risk YOUR life to protect ME."

When they do go out, they won't wear masks, and they won't social distance, because they know everyone ELSE will do it's not THEIR problems.

Basically - most of the people making the loudest noise about people who are staying home because the government is taking care of them, are the same people who refuse to vaccinate because the government is taking care of them.
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Old 05-07-2021, 01:11 PM
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Originally Posted by OrangeBlossomBaby View Post
You know, most hard-working people - in fact every hard-working person I know - without exception, are the exact same people who will contribute to their society on their time off, without pay. They're the ones who run the church charity groups that help feed and clothe the hungry. They're the ones doing the outreach to assist the homeless in getting jobs, homes, medical care. They're the ones who volunteer their time to take a bunch of boy/girl scouts out on trips to acquire their badges/achievement points or whatever they do. They're the ones who buy materials and knit quilts and lap blankets to bring to battered womens' shelters.

None of them have any "incentive" to do these things, other than - it's the right thing to do.

And then we have the people who refuse to help anyone, who in fact will say "I am relying on all you sheeple to vaccinate so I don't have to, and I will have herd immunity so go ahead and risk YOUR life to protect ME."

When they do go out, they won't wear masks, and they won't social distance, because they know everyone ELSE will do it's not THEIR problems.

Basically - most of the people making the loudest noise about people who are staying home because the government is taking care of them, are the same people who refuse to vaccinate because the government is taking care of them.
Wow! That has to be the most convoluted reasoning I have ever seen in a TOTV post. And that’s saying a lot...
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Old 05-07-2021, 01:59 PM
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Seems to me that right after the "Great Recession" started, a certain gov extended unemployment for a YEAR/YEAR. When you have more incentive to stay home than to go to work, what does one expect? Now they are speaking of a long gov subsidized holiday. And folks wonder why there are no waiters, shelf stockers, etc. And as long as we have FREE give-aways, we will have folks that VOTE for the GIVER.
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